Private Capital Fund Finance - Associate / Assistant Vice President

iCapital is seeking an Associate/Assistant Vice President to join their Fund Finance team. The role will primarily focus on Private Capital Fund Accounting and Administration duties. The successful candidate will be responsible for reviewing financial statements, capital account statements, and management fee schedules prepared by third-party administrators. They will also assist with audit inquiries, provide operational control over cash movements, and facilitate ad-hoc requests from various teams within the organization. The ideal candidate should have a Bachelor's degree in Accounting, 4+ years of experience in a similar role, strong knowledge of fund accounting, and excellent communication skills.

• Review third-party administrator prepared financial statements and supporting schedules for accuracy and completeness on an annual basis.
• Review third-party administrator prepared Capital Account Statements and supporting schedules for accuracy and completeness on a quarterly basis.
• Review third-party administrator prepared management fee schedules for accuracy and completeness monthly and work across teams for fee payment and tracking.
• Assist with audit inquiries and provide support for year-end audited financial statements for each feeder fund.
• Conduct search and provide support for SOC-1 annual audit.
• Using technology, review investor allocations and provide reporting to clients and their investors.
• Provide cash-based operational control over the third-party administrator and transfer agent, including review and approval of all cash movements.
• Calculate feeder fund capital events based on cash activity, cash balances, and cash reserve guidelines, and follow the procedure to communicate decisions with clients and their investors.
• Prepare notices for capital events to be sent to investors and custodians and track subsequent funding activity.
• Provide vendor management of third-party fund administrators, including tracking deliverables and escalating inconsistencies.
• Facilitate ad-hoc requests from various teams within the organization, including fund data requests, investor requests, and client requests.
• Compile reports tracking Key Performance Indicators (KPIs) for the team as needed.
• Spearhead various firm internal initiatives to enhance client engagement.

• Bachelor's degree in Accounting
• 4+ years of experience in a similar role, with a mix of public/private accounting in alternatives
• Fund administration experience is a plus
• Strong knowledge of fund accounting
• Strong verbal, written, and interpersonal communication skills
• Able to escalate and communicate effectively within a team setting
• Strong skills in Microsoft Suite, specifically Excel
• High level of integrity
• Passion for the application of innovative technology

• Base salary range of $80,000 to $140,000
• Compensation package including salary, equity, and annual performance bonus
• Comprehensive benefits package
• Employer matched retirement plan
• Generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling
• Parental leave
• Unlimited paid time off (PTO)
• Flexibility to work in the office three or four days
• Equal Employment Opportunity and Affirmative Action employer